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GERALD I. WHITE, ASHWINPAUL C. SONDHI AND DOV FRIED, The Analysis and Use of Financial Statements, Second Edition (New York, NY: John Wiley & Sons, Inc., 1997, pp. xv, 1224).
The second edition of this financial statement analysis text was written from the perspective that "good financial analysis requires the analyst to understand how financial statements are generated in order to separate the economic process that generates the numbers from the accounting process that (sometimes) obscures it" (ii).
This edition integrates accounting, economic theory, empirical research, and foreign and international accounting standards into the analysis of real company financial statements. The book is very well written, providing an excellent resource for users of financial statements including equity and credit analysts, investors, managers, auditors, educators, students and regulators.
This book is an appropriate text for M.B.A. and advanced undergraduate courses in financial statement analysis. It also provides a comprehensive reference for individuals engaged in financial statement analysis,...